Evan Umpir, Director of Tax, Transportation, & Legal Affairs, testified in favor of Senate Bill 291 (SB 291). This bill expands the Business Development Tax Credit to include other eligible expenses for employers providing childcare benefits beyond the capital costs currently included in statute.
Twenty-five states have some sort of tax credit for employer-provided, operated, paid-for, or reimbursed childcare benefits for employees; this is up five states from just last year and even more states are considering legislation.
SB 291 expands the currently existing credit’s eligible beyond capital costs for establishing a childcare program for employees’ children, unlocking more options for small and medium-sized employers that do not want to build and operate a childcare facility.
Read WMC’s testimony here.
